- Analytics
- Market analysis
- Technical Analysis
- EUR/USD shows a steady upward movement
EUR/USD shows a steady upward movement
On the hourly chart, the EUR/USD pair shows a steady upward movement, overcoming key resistance levels and gaining a foothold above the MA (200) H1 moving average, which indicates a steady bullish momentum. The breakdown of the 1.1290 level was an important technical signal, followed by a steady increase to the current resistance around 1.1360. The MACD indicator confirms the strength of the current trend: the histogram is in a positive zone and continues to expand, which signals the dominance of buyers. As long as the momentum remains above the MA (200) H1 moving average and the positive dynamics of the MACD, growth is likely to continue with an attempt to break through the resistance at 1.1360. However, in case of profit-taking and correction, it will be important to hold the 1.1290 level as support.
Resistance levels are: 1.1360, 1.1380, 1.1430
Support levels are: 1.1290, 1.1205-20, 1.1170
The main scenario for the pair's advance suggests a breakout of the session high of 1.1360, an increase to 1.1380 (May 2 and 6 high) and then maybe to 1.1430 (April 28-29 high)
An alternative scenario implies a decrease to 1.1290 (May 19 high) and then, maybe, to 1.1205-20 (May 20 low, MA (200) H1)
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
